Financing
The funds are provided by microfinance enterprises, NGOs and banks.
Goldman Sachs estimated that Egypt will require significantly less financing through borrowing for the second quarter of 2024, attributing the reduced need to the substantial financing it secured during Q1 2024 and the Ras El Hekma investment deal
Egypt’s Minister of International Cooperation (MoIC), Rania Al Mashat, recently stated in an interview that the World Bank (WB) is expected to disburse $1 billion during the second half of 2024 as part of the $6 billion support package announced back in March
The plan's duration is between 2024 and 2027.
Identified as the real estate, tourism, fertilizers, fodder, rebar, cement, and ceramics sectors, the sectors were classified as “high risk of default” due to foreign currency shortages and high inflation
The ministry also screened 146 industrial and investment plots nationwide to determine unoccupied land plots.
Minister Nevine al-Qabaj underscored the necessity of not just counting on donations but also the investment of resources to ensure sustainable revenues.
They created 1.6 million jobs.
The beginning is with signing cooperation protocols with three NGOs.
That was during his meeting with his Tunisian counterpart Nabil Ammar as they also conferred over regional risks.
Assistant to the Minister of Social Solidarity Mervat Sabrin signed Monday 29 contracts and four cooperation protocols with civil society to complete the third phase of Forsa Programme.
The funding was particularly directed to firms operating in the sectors of healthcare, manufacturing, and financial markets.
President Abdel Fatah al-Sisi ratified Wednesday the agreement between Egypt and the French Development Agency (AFD) on financing the establishment of Abou Kir Metro in Alexandria.
President Sisi expressed appreciation for the bank's role in supporting developmental sectors on the continent.
The meeting also tackled the progress rate of the monorail.
The committee is concerned with financing arrangements pertaining to loss and damage through the fund founded during COP 27 to fulfill that purpose.
Minister of Planning and Economic Development and Chairwoman of The Sovereign Fund of Egypt (TSFE) Hala El-Said attended Wednesday the signing ceremony.
Minister of Foreign Affairs and COP 27 President Sameh Shokry co-chaired Monday the Copenhagen Climate Ministerial Meeting.
The company enables access to a wide range of financial services to micro and small enterprises.
The ongoing portfolio of development cooperation for projects affiliated with the Ministry of Water Resources and Irrigation amounts to $668 million.
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